LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) Sees Large Decrease in Short Interest

LeaderShares Dynamic Yield ETF (NYSEARCA:DYLD) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 7 shares, a drop of 92.0% from the October 15th total of 88 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,652 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. acquired a new position in LeaderShares Dynamic Yield ETF during the third quarter worth $36,000. Coppell Advisory Solutions LLC purchased a new stake in LeaderShares Dynamic Yield ETF during the second quarter worth $216,000. Finally, Redwood Investment Management LLC grew its holdings in LeaderShares Dynamic Yield ETF by 8.2% in the first quarter. Redwood Investment Management LLC now owns 586,292 shares of the company’s stock valued at $13,139,000 after purchasing an additional 44,519 shares during the last quarter.

LeaderShares Dynamic Yield ETF Price Performance

NYSEARCA:DYLD traded down $0.05 during midday trading on Tuesday, hitting $22.12. 3,633 shares of the company were exchanged, compared to its average volume of 4,864. LeaderShares Dynamic Yield ETF has a fifty-two week low of $21.88 and a fifty-two week high of $22.78. The company has a fifty day simple moving average of $22.12 and a 200 day simple moving average of $22.36.

LeaderShares Dynamic Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Wednesday, October 28th were paid a $0.0768 dividend. This is a boost from LeaderShares Dynamic Yield ETF’s previous monthly dividend of $0.0694. This represents a $0.92 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, October 28th.

LeaderShares Dynamic Yield ETF Company Profile

The LeaderShares Dynamic Yield ETF (DYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified, global fixed income securities that seeks to capture higher yields through a proprietary risk-reward scheme. DYLD was launched on Jun 28, 2021 and is managed by LeaderShares.